Wednesday, April 23, 2008
Apple's 2nd Quarter earnings were a record-breaker. Apple "...generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion... Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00." They also decided to cut out the middleman and buy a boutique chip maker P.A. Semi inc.. Currently shares are down about 3% after-hours, go figure.